Ontario Deal Analysis
Let's look at deal analysis for Ontario, CA and for
15 Buy 10 Nomads™ with 10% Higher Rents.
The analysis is based on The World's Greatest Real Estate Deal Analysis Spreadsheet™ (shown above)... a free spreadsheet download you can use to analyze your own deals.
Typical Ontario, California Nomad™ Property with 10% Higher Rents
Typical Ontario, California Nomad™ Property with 10% Higher Rents
|
Purchase Inputs
|
|
Percents
|
Dollars/#
|
ARV
|
|
$379,800
|
Purchase Price
|
|
$379,800
|
Seller Concessions
|
—
|
$0
|
Down Payment
|
5.000%
|
$18,990
|
Closing Costs
|
1.000%
|
$3,798
|
Rent Ready Costs
|
|
$0
|
Cumulative Negative Cash Flow
|
|
$0
|
Total Invested
|
|
$22,788
|
Mortgage
|
Mortgage Amount
|
|
$360,810
|
Mortgage Interest Rate
|
6.500%
|
|
Loan Term
|
|
360
|
Private Mortgage Insurance
|
0.850%
|
$255.57
|
Drop PMI LTV
|
80.000%
|
|
Income
|
Monthly Rent
|
|
$3,465
$3465.00
|
Other Income
|
|
$0
|
Annual Expenses
|
Vacancy Rate
|
3.000%
|
$1,247
|
Property Taxes
|
0.719%
|
$2,731
|
Property Insurance
|
0.173%
|
$657
|
HOA Dues
|
|
$0
|
Utilities
|
|
$0
|
Other Expenses 1
|
|
$0
|
Other Expenses 2
|
|
$0
|
Maintenance
|
10.000%
|
|
CapEx
|
|
$0
|
Management
|
0.000%
|
|
Depreciation Details
|
Land Value
|
15.000%
|
$56,970
|
Property Type (C or R)
|
R
|
27.5
|
Effective Income Tax Rate
|
15.000%
|
|
Property Value |
1 |
2 |
3 |
4 |
5 |
ARV at End of Year |
$391,194 |
$402,930 |
$415,018 |
$427,468 |
$440,292 |
Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Appreciation Dollar |
$11,394 |
$11,736 |
$12,088 |
$12,451 |
$12,824 |
Monthly Income |
1 |
2 |
3 |
4 |
5 |
Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
Monthly Rent |
$3,465 |
$3,569 |
$3,676 |
$3,786 |
$3,900 |
Monthly Other Income Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
Monthly Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
Monthly Gross Potential Income |
$3,465 |
$3,569 |
$3,676 |
$3,786 |
$3,900 |
Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Monthly Vacancy Dollar |
$104 |
$107 |
$110 |
$114 |
$117 |
Monthly Gross Operating Income |
$3,361 |
$3,462 |
$3,566 |
$3,673 |
$3,783 |
Annual Income |
1 |
2 |
3 |
4 |
5 |
Annual Rent |
$41,580 |
$42,827 |
$44,112 |
$45,436 |
$46,799 |
Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
Annual Gross Potential Income |
$41,580 |
$42,827 |
$44,112 |
$45,436 |
$46,799 |
Annual Vacancy Dollar |
$1,247 |
$1,285 |
$1,323 |
$1,363 |
$1,404 |
Annual Gross Operating Income |
$40,333 |
$41,543 |
$42,789 |
$44,073 |
$45,395 |
Annual Expenses |
1 |
2 |
3 |
4 |
5 |
Property Taxes Percent |
0.719% |
0.719% |
0.719% |
0.719% |
0.719% |
Property Taxes Dollar |
$2,731 |
$2,813 |
$2,897 |
$2,984 |
$3,073 |
Insurance Percent |
0.173% |
0.173% |
0.173% |
0.173% |
0.173% |
Insurance Dollar |
$657 |
$677 |
$697 |
$718 |
$740 |
HOA Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
HOA Dues Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
Utilities Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Utilities Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
Other Expense 1 Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Other Expense 1 Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
Other Expense 2 Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Other Expense 2 Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
Maintenance Percent |
10.000% |
10.000% |
10.000% |
10.000% |
10.000% |
Maintenance Dollar |
$4,033 |
$4,154 |
$4,279 |
$4,407 |
$4,539 |
CapEx Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
CapEx Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
Property Management Percent |
0.000% |
0.000% |
0.000% |
0.000% |
0.000% |
Property Management Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
Annual Operating Expenses |
$7,421 |
$7,644 |
$7,873 |
$8,109 |
$8,352 |
Net Operating Income |
1 |
2 |
3 |
4 |
5 |
Net Operating Income (NOI) |
$32,912 |
$33,899 |
$34,916 |
$35,963 |
$37,042 |
Mortgage |
1 |
2 |
3 |
4 |
5 |
Total Annual P&I Payments |
$27,367 |
$27,367 |
$27,367 |
$27,367 |
$27,367 |
Principal |
$4,033 |
$4,303 |
$4,591 |
$4,899 |
$5,227 |
Interest |
$23,334 |
$23,064 |
$22,776 |
$22,468 |
$22,140 |
Loan Balance at End of Year |
$356,777 |
$352,474 |
$347,883 |
$342,985 |
$337,758 |
Loan-To-Value |
91.202% |
87.478% |
83.824% |
80.236% |
76.712% |
Private Mortgage Insurance (PMI) Rate |
0.850% |
0.850% |
0.850% |
0.850% |
|
Private Mortgage Insurance Dollar |
$3,067 |
$3,067 |
$3,067 |
$3,067 |
$0 |
Equity |
1 |
2 |
3 |
4 |
5 |
ARV - Loan Balance at End of Year |
$34,417 |
$50,456 |
$67,134 |
$84,484 |
$102,534 |
Cash Flow |
1 |
2 |
3 |
4 |
5 |
Annual Cash Flow |
$2,478 |
$3,465 |
$4,482 |
$5,530 |
$9,675 |
Monhtly Cash Flow |
$206 |
$289 |
$374 |
$461 |
$806 |
Cash on Cash Return on Investment |
0.109% |
0.152% |
0.197% |
0.243% |
0.425% |
Cap Rate |
|
|
|
|
|
DSCR |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Negative Cash Flow |
$0 |
$0 |
$0 |
$0 |
$0 |
Cumulative Negative Cash Flow |
$0 |
$0 |
$0 |
$0 |
$0 |